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【臺北訊】專業物聯網及人工智慧邊緣運算平臺研發製造大廠—研揚科技 (股票代碼: 6579)，今日推出了 RTC-1010RK，這是其 10.1 吋強固型 平板電腦系列的最新成員。搭載 Rockchip RK3399 處理器，RTC-1010RK 利用四核心的 Arm® Cortex®-A53 和雙核心的 Arm® Cortex®-A72 進 行有效的計算資源分配。 研揚強固型平板電腦系列的設計目標在於應對各種具有挑戰性的部署環境，例如現場檢查、倉庫管理和工廠自動化。RTC-1010RK經過了 MIL-STD-810H 軍規級的振動、震動和落摔測試，因此適用於建築工地和訂單執行處理等需求，比標準型平板電腦更耐用的場所。 RTC-1010RK提供多種接口，包括 micro HDMI、COM、LAN 以及 USB Type-A 和 Type-C 接口。此外，它前後各配有800萬畫素鏡頭，並支持 Wi-Fi 802.11 a/b/g/n/ac 和 LTE，可選配 2D 條碼掃描器、GPS 和 GLONASS，以進一步滿足現場使用的需求。 RTC-1010RK支援 Android™ 11 操作系統，研揚預計這將有助於客戶提供更多開源工具，以客製 UI 和應用程式，以滿足特定的使用需求。該平臺還提供廣泛的安全功能，例如一次性權限、儲存空間隔離和增強生物識別身份驗證。因此，組織可以維護庫存管理系統的完整性，為現場服務技術員增加完善的數據保護，並對多個地點的移動銷售點（POS）系統進行訪問控制。 可選配件包括手提帶、背帶、擴充基座、充電底座、增強型電池組和電源適配器。 更多 RTC-1010RK的產品資訊，您可以上研揚官網查詢，也可以於官網訂購，或與研揚科技國內業務處 02-89191234 分機 1142 劉小姐聯繫。現在 BOXER-8651AI 也同時在研揚 eShop 上販售，有小量需求的客戶，可透過eShop購買。 關於研揚科技 研揚科技集團（研揚）是台灣專業物聯智能解決方案研發製造大廠，成立於 1992 年。研發製造並行銷全球 IoT 及 AI 邊緣運算解決方案，另有嵌入式電腦主板及系統、工業液晶顯示器、強固型平板電腦、工控機、網路安全設備以及相關配件等，提供 OEM/ODM 客戶及系統整合商完整且專業之軟硬體解決方案。同時，研揚科技有專屬團隊提供客製化服務，協助您從研發初期發想到產品製作、量產到售後服務，提供一貫之專業諮詢與服務，為您量身打造高品質產品。研揚科技目前提供多款 AI 邊緣運算產品及智慧城市、智慧零售及智慧製造等系統整合和解決方案。研揚是英特爾鈦金級會員，同時也是 NVIDIA 的菁英級夥伴 (Elite partner)。欲瞭解更多詳細資訊請參考研揚科技官方網站
BEIJING, March 14, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced that on March 9, 2023, it entered into a securities purchase agreement (the "SPA") with Aoji Holdings Co., Ltd ("Aoji" or the "Purchaser") to divest the Company's 100% equity ownership in Fuwei Films (BVI) Co., Ltd. for a cash consideration of US$30 million (the "Transaction"). The closing of the Transaction is expected to take place by the end of March 2023 (the "Closing Date"), subject to the satisfaction of closing conditions set forth in the SPA. The completion of the Transaction marks the Company's transition into a pure-play real-time communications (RTC) solutions provider. Background and Terms of Transaction On July 18, 2022, Fuwei Films (Holdings) Co., Ltd (then Nasdaq: FFHL or "Fuwei Films") entered into an agreement and plan of merger with BaiJiaYun Limited ("BJY"), pursuant to which a wholly-owned subsidiary of Fuwei was merged with and into BJY (the "Merger"), with BJY being the surviving entity. The Merger was consummated on December 23, 2022, upon which BJY became a wholly-owned subsidiary of Fuwei Films, and the combined company changed its name from "Fuwei Films (Holdings) Co., Ltd." to "Baijiayun Group Ltd" and its ticker from "FFHL" to "RTC." Trading under the new ticker began on December 30, 2022. Prior to the Merger, Fuwei Films, through Fuwei Films (BVI) Co., Ltd. and its subsidiary, Fuwei Films (Shandong) Co., Ltd., developed, manufactured, and distributed high-quality plastic film using the biaxially-oriented stretch technique, otherwise known as BOPET film. As a result of the Merger, the Company assumed and began conducting the video-centric technology solution business of BJY. Following the consummation of the Merger, it was Baijiayun management team's strategic intent to divest its 100% equity ownership in Fuwei Films (BVI) Co., Ltd. at a fair valuation from a financial point of view to the Company. The audit committee (the "Audit Committee") of the board of directors of the Company engaged Kroll, LLC via its Duff & Phelps Opinions Practice ("Duff & Phelps") to serve as an independent financial advisor to the Audit Committee and to provide an opinion as to the fairness, from a financial point of view, to the Company of the consideration to be received by the Company in the Transaction. Duff & Phelps has concluded that the consideration to be received by the Company in the Transaction is fair from a financial point of view to the Company, and delivered its opinion to the Audit Committee on February 23, 2023. No later than six months after the Closing Date, the Purchaser shall deliver or cause to be delivered to Baijiayun an amount in cash equal to US$30 million. The foregoing description of the SPA and the Transaction does not purport to be complete and is qualified in its entirety to the full text of the SPA, which is filed as Exhibit 99.1 to a current report on Form 6-K filed by the Company with the Securities and Exchange Commission on March 13, 2023. All subject securities as contemplated by the SPA were sold pursuant to an exemption from the registration requirements under the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. "We are pleased with the successful divestiture of Fuwei Films in a timely manner as we execute our strategic growth plan of seizing greater market share in the fast-growing video cloud market," commented Mr. Gangjiang Li, chairman of the board and chief executive officer of the Company. "The entire management team remain laser-focused on solidifying Baijiayun's leadership as an integrated video-centric technology solutions provider and building AI-powered next-generation video applications across multiple verticals." About Baijiayun Group Ltd Baijiayun is a video-centric technology solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since the inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun is catered to the evolving communications and collaboration needs of enterprises of all sizes and industries, which makes Baijiayun a one-stop video-centric technology solution provider. Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. A further list and description of risks and uncertainties can be found in the documents that the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Investor / Media Contact:Crocker CoulsonCEO, AUM Media, Inc.(646) 652 7185crocker.coulson@aummedia.org Company Contact:Yong FangCFO, Baijiayun Group Ltd(267) 939 5080fangyong@baijiayun.com
BEIJING, April 25, 2025 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, announced a Letter to Investors, in which Baijiayun CEO Mr. Yi Ma stated that following its partnership with Xinlantian, the company plans to invest tens of millions of dollars over the next five years to establish new ecosystem for autism rehabilitation. Baijiayun CEO Mr. Yi Ma stated that over the past decade, Baijiayun has continuously deepened its presence in the education sector, possessing a strong technological moat and ecological synergy. Leveraging its experience and advantages in technological research and development, platform construction, and market operations, Baijiayun is confident in achieving significant results in the field of autism rehabilitation, creating new growth points for the company's performance, bringing new possibilities for more "children of the stars" in the field of special education, and achieving a win-win situation for both corporate and social values. According to data from the 2023 China Disability Census Report, the number of autistic patients in China has exceeded 13 million, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2 million children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention (CDC) in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue. The full text of the open letter is as follows: Letter to Investors: Explanation and Prospects on Partnerships in the Field of Autism Rehabilitation Dear Investors and Partners, Firstly, we sincerely thank you for your continued attention and support for our company. Last week, after the company announced its in-depth collaboration with Xinlantian in the field of autism rehabilitation, we received enthusiastic encouragement and valuable suggestions from investors, partners, and various sectors of society. And a large number of positive discussions emerged on social media platforms. We understand that this attention stems from the deep expectations of investors and various sectors of society regarding technology empowering social issues. We feel a great social responsibility for this and therefore wish to interpret the motivations, planning, and future actions of the partnership, and we looking forward to witnessing the long-term value of this cause with you. Background and Opportunities for the Company's In-Depth Exploration of the Autism Field Autism, as a neurodevelopmental disorder, is increasingly becoming a global public health concern. According to relevant data, the global incidence of autism is on the rise year by year. According to data from the 2023 China Disability Census Report, the number of individuals with autism in China has exceeded 13 million, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2 million children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention (CDC) in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue. At the same time, society's acceptance and awareness of children with autism remain low, and many public places lack special facilities and services for them. Such a large patient population not only imposes a heavy mental and economic burden on families but also has a profound impact on social development. The growing population of individuals with autism lacks corresponding relief pathways. On the one hand, there is an insufficient number of professional child rehabilitation institutions, especially in grassroots and rural areas. On the other hand, among existing rehabilitation institutions, there are significant differences in service levels and treatment outcomes. Due to technological and personnel quality limitations, some institutions struggle to provide high-quality rehabilitation plans that meet the individual needs of children. In addition to the relative scarcity of quality rehabilitation services, high rehabilitation costs, limited training resources, and inconsistent training programs also place a heavy burden on many families. Many "children of the stars" thus miss the best intervention opportunities due to ignorance or helplessness. Care for vulnerable groups and marginalized populations often reflects the level of civilization in a society. The issue of autism urgently needs more attention and emphasis from various sectors of society. As a US-listed company, we have always believed that enterprises are not only entities pursuing economic interests but should also shoulder social responsibilities. Children with autism, as a vulnerable group in society, their growth and development are related to the happiness and future of countless families. By engaging in the field of autism rehabilitation, we hope to use our technological advantages to light up a beacon of hope for these children, help them approach the life state of normal children as much as possible, and integrate into society. This is not only a feedback to society but also our mission as an enterprise. Founded in 2014, Xinlantian has deep professional expertise in the field of rehabilitation training for children with autism. It has not only meticulously crafted a mature and comprehensive training system for children with autism, covering curriculum development and textbook research, but also established a comprehensive teacher and parent education and training system. Xinlantian's independently developed "Targeted Neural Training Method" has achieved remarkable results after years of practical verification. This method targets the neurodevelopmental characteristics of children with autism and effectively improves their language expression and social interaction abilities through scientific training methods. The partnership between Baijiayun and Xinlantian aims to use products and AI technology to enter this challenging field, empower autism rehabilitation services, help more "children from the stars" live like normal children, and enable more individuals with autism and their families to lead better lives. Why can Baijiayun shoulder this mission? The answer lies in our technological moat and ecological synergy. Over the past decade, Baijiayun has continuously deepened its presence in the education sector, providing users with comprehensive audio-visual solutions centered around knowledge dissemination and educational service delivery, serving tens of thousands of online education enterprises and public schools. The rehabilitation training of children with autism is actually a highly personalized one-on-one scenario, which coincides with Baijiayun's advantages in online teaching and the integration of online and offline products. With the continuous development of AI technology, Baijiayun has also continuously deepened its application in the field of educational technology, developing multiple AI products, intelligent agents, and technical tools, converting technological potential into educational effectiveness, and facilitating the realization of large-scale personalized teaching. Professional fields require vertical deepening, and these experiences and products can also be applied in the field of special education, bringing new possibilities for more children of the stars. In the AI era, we can better bridge the characteristics and limitations between personalization and scalability in traditional education, which are like the two ends of a scale, making "scalable and personalized teaching and learning" possible. Regarding the measure of Baijiayun's layout in the field of special education, Li Haoying, the current Vice President of the Education Innovation and Evaluation Branch of the Chinese Society for Futures Studies, stated: Achieving personalized rehabilitation training through technological means will greatly enhance rehabilitation outcomes and bring new hope to children with autism and their families. Their efforts are expected to help millions of individuals with autism lead happier and more dignified lives, alleviate societal burdens, and promote harmonious social development. Future Development Plans We fully understand investors' attention on direction focus, business implementation feasibility, and return cycles. Here, we announce that the company will invest tens of millions of dollars over five years to build new ecosystem for autism rehabilitation, hoping to showcase our determination and efforts in deepening our work. Firstly, Baijiayun will continuously increase investment in technological research and development, further refine the intelligent diagnostic assistance platform, and promote the application of new technologies such as AI large models and VR in the field of autism rehabilitation. Combining Baijiayun's previous technological achievements, the company will deeply explore and develop an intelligent diagnostic assistance platform focused on the field of autism rehabilitation. Through big data analysis and machine learning algorithms, it will thoroughly analyze the specific symptoms and past training records of each child with autism, accurately generating personalized rehabilitation training plans. For example, if the platform data analysis finds that a child is making slow progress in language training, the system will automatically increase the duration and intensity of relevant training content or adjust the training methods to ensure that each child receives the most effective rehabilitation training in the shortest time possible. Secondly, Baijiayun will allocate these funds to the development of standardized curriculum systems, the construction of professional teacher training systems, the output of clinical intervention methodologies, and the digital adaptation of service processes. A scientific and systematic curriculum system is the cornerstone of rehabilitation training. In curriculum and service system construction, Baijiayun will collaborate with Xinlantian's professional team to develop standardized curricula based on the different developmental stages and symptom characteristics of children with autism, ensuring that rehabilitation training in different regions and institutions adheres to unified high-quality standards. At the same time, it will strengthen professional training for rehabilitation trainers, enhance their professional skills, and ensure that every trainer can proficiently apply advanced intervention methods. Finally, Baijiayun plans to empower rehabilitation institutions and establish standardized models through the integration of "technology + service." Over the past decade, Baijiayun has deepened its presence in the field of AI and audio-visual technology, being the most knowledgeable AI application service provider in education. Our one-stop products and services can fully support the construction of digital platforms, covering aspects such as store management, service process optimization, traffic distribution, AI tools, and data platforms. With the SaaS system, Baijiayun plans to subsequently output mature standards to more regions, providing franchisors with comprehensive empowerment including brand support, technical training, and operational guidance. From a market perspective, the autism rehabilitation market size is showing explosive growth trends. Data shows that the global autism spectrum disorder market size was approximately $6.94 billion in 2024 and is expected to reach $13.14 billion by 2033, with a compound annual growth rate (CAGR) of 8.5% from 2024 to 2033. In China, with the continuous improvement of society's awareness of autism and the growing demand for rehabilitation training from families, the autism rehabilitation market size is expected to reach hundreds of billions of yuan level. Such a vast market size provides us with broad development space. Leveraging our experience and advantages in technological research and development, platform construction, and market operations, we are confident in achieving significant results in this field, creating new growth points for the company's performance, and achieving a win-win situation for both corporate and social values. Lastly, we would like to thank all investors again for their trust and support in us. We believe that the true value of an enterprise lies in solving social problems through commercial methods and promoting social progress with professional capabilities. Although we are well aware that there will be many challenges on the road to exploring the field of autism rehabilitation, we are confident and determined to overcome difficulties and achieve our goals. We will continue to pay attention to the feedback and suggestions from partners. We firmly believe that by moving forward together, we will surely be able to create a brighter future! Investor Relations Department April 24, 2025 About Baijiayun Group Ltd Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com. Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," and "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. For investor and media enquiries, please contact: Company Contact:Ms. Fangfei Liu Chief Financial Officer, Baijiayun Group LtdPhone: +86 25 8222 1596Email: ir@baijiayun.com
BEIJING, April 19, 2025 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it held a Spring Health Run event with the theme of "Chasing Light in the Green Fields • Setting Sail towards Health" at its Beijing office on April 17th. The competition was divided into two groups: the men's group challenged a 6-kilometer run around the park for three laps, while the women's group had a 4-kilometer race for two laps. More than twenty employee athletes from Baijiayun participated in the event. As the AI video technology service provider with the most in-depth comprehension of education, Baijiayun has always attached great importance to employee benefits and social responsibilities, and has built a comprehensive talent care system with practical actions. This distinctive activity that deeply integrates the enterprise culture of "resilient growth" and the concept of "healthy productivity" enables every employee to achieve a two-way leap from professional energy to the quality of life, both in the workplace and on the sports field. Among the participants of this event, there were both experienced sports enthusiasts and novices who were challenging themselves for the first time. All the participants successfully completed the race, demonstrating the spiritual strength of Baijiayun employees to surpass themselves with their perseverance. After intense competition, the top three in both the men's group and the women's group were determined. All the participating employees received participation souvenirs, which became precious mementos of their spring running. Company Contact:Ms. Fangfei Liu Chief Financial Officer, Baijiayun Group LtdPhone: +86 25 8222 1596Email: ir@baijiayun.com
BEIJING, April 17, 2025 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that we have reached a strategic cooperation with Beijing Xinlantian Education Technology Co., Ltd. (hereinafter referred to as "Xinlantian"). This cooperation marks that Baijiayun, with its cutting - edge exploration in AI and large - language model technologies, will combine with Xinlantian's professional accumulation in the field of rehabilitation training for autistic children. Together, they will provide more efficient and personalized rehabilitation training programs for autistic children. As the AI video technology service provider with the most in-depth comprehension of education, Baijiayun brings robust technical expertise in AI large model technologies. Xinlantian, through ten years of entrepreneurial experience, has accumulated specialized rehabilitation philosophies and a wealth of practical cases. The two parties will jointly develop an intelligent diagnostic assistance platform to create personalized rehabilitation plans tailored to each child's unique condition and training needs. Leveraging big data analytics and machine learning algorithms, the platform will enable real-time monitoring of training progress and outcomes. This precision-oriented approach ensures every child receives optimally customized rehabilitation programs, maximizing progress within shorter timeframes. Additionally, Baijiayun will provide comprehensive support including SCRM management, online school platforms, intelligent diagnostics, and regulatory tools. These resources will empower Xinlantian to achieve refined management of parent leads, unified administration of teaching operations, real-time diagnosis of developmental challenges, and intelligent oversight of nationwide branches. Through these enhancements, Xinlantian will elevate service quality to deliver more holistic and professional rehabilitation services for autistic children and their families. This strategic collaboration represents not only a convergence of technologies and resources but also an innovative exploration of partnership models. Through joint efforts, the two companies aspire to pioneer advanced and effective rehabilitation solutions for this special needs community. Mr. Yi Ma, CEO of Baijiayun, stated: "We are committed to driving educational innovation through AI technologies. The essence of AI lies in enabling businesses to deliver personalized services at scale. Our partnership with Xinlantian signifies a crucial step in applying AI to special needs education. We believe our combined efforts will bring precise, efficient rehabilitation to autistic children, igniting a beacon of hope for their future. This embodies how AI technology creates tangible social value." Company Contact: Ms. Fangfei Liu Chief Financial Officer, Baijiayun Group LtdPhone: +86 25 8222 1596Email: ir@baijiayun.com
BEIJING, March 13, 2025 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced a change in its board of directors (the "Board"). Mr. Erlu Lin tendered to the Board his resignation as an independent director of the Board and the chair and a member of the audit committee of the Board for personal reasons, effective from March 12, 2025. Mr. Erlu Lin's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice. Mr. Chun Liu tendered to the Board his resignation as an independent director of the Board and a member of the audit committee of the Board for personal reasons, effective from March 12, 2025. Mr. Chun Liu's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice. The Board appointed Ms. Beiwen Zhu as an independent director of the Board and the chair and a member of the Audit Committee of the Board, effective from March 12, 2025. The Board appointed Mr. Mingjun Cai as an independent director of the Board and a member of the Audit Committee of the Board, effective from March 12, 2025. Upon the effectiveness of Mr. Erlu Lin's and Mr. Chun Liu's resignation and the appointment of Ms. Beiwen Zhu and Mr. Mingjun Cai, the Board consisted of five directors, including two independent directors. As a foreign private issuer, the Company is permitted to rely on home country practice under the Nasdaq Stock Market Rules with respect to its board and committee composition. Ms. Beiwen Zhu is experienced in corporate financial reporting and management. She has served as the finance director at Junxin Financing Lease (Shanghai) Co., Ltd. since April 2016. Ms. Zhu obtained her bachelor's degree in labor and social security from Shanghai Lixin University of Accounting and Finance. Mr. Mingjun Cai has over 20 years of experience in information technology and entrepreneurial management. Mr. Cai has served as the chairman and chief executive officer at Beijing Touken Technology Co., Ltd. since 2018. Prior to that, he was the technology director at CCIDNET.com in 2000 and at Sohu from 2003 to 2011. Mr. Cai was the chief technology officer at Shangruitong Network Technology Co., Ltd. from 2011 to 2013. Mr. Cai was the general manager of Sohu News from 2013 to 2018. Mr. Cai obtained his bachelor's degree in mechatronics engineering from Beijing Institute of Technology. Mr. Yi Ma, Chairman and Chief Executive Officer of Baijianyun, commented, "We appreciate Mr. Erlu Lin's and Mr. Chun Liu's contributions and wish them the best in their next endeavors. We welcome Ms. Beiwen Zhu and Mr. Mingjun Cai to our Board. Ms. Beiwen Zhu and Mr. Mingjun Cai are well qualified to serve as independent directors of the Board. We believe Ms. Beiwen Zhu's and Mr. Mingjun Cai's impressive track record of success can effectively facilitate our operating objectives and targets." Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. A further list and description of risks and uncertainties can be found in the documents that the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. About Baijiayun Group Ltd Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit www.baijiayun.com. For investor and media enquiries, please contact: Ms. Fangfei Liu Chief Financial Officer, Baijiayun Group LtdPhone: +86 25 8222 1596Email: ir@baijiayun.com
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